| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 21st | Poor |
| Demographics | 30th | Poor |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6032 Alport St, Wolcott, NY, 14590, US |
| Region / Metro | Wolcott |
| Year of Construction | 1988 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6032 Alport St, Wolcott, NY Multifamily Investment Opportunity
Positioned in a rural pocket of the Rochester, NY metro, this 1988-vintage, 70-unit asset offers durable renter affordability and modest competition from newer stock, according to WDSuite’s CRE market data.
The property sits in a rural neighborhood of the Rochester metro with limited local amenities and auto-oriented living. Neighborhood ratings trend toward the lower end of the metro (D, rank 348 among 359 metro neighborhoods), indicating basic services and fewer conveniences nearby. Restaurant density is moderate for the area, while cafes, grocery, parks, and pharmacies are sparse.
Renter affordability is a relative strength: neighborhood rent-to-income sits in a stronger national percentile, suggesting lower rent burden that can aid resident retention and reduce turnover pressure. At the same time, median home values in the neighborhood are low versus national benchmarks, which can introduce competition from ownership and temper pricing power for rentals. Investors should lean on product positioning and management execution to sustain demand.
The property’s 1988 construction is newer than the neighborhood’s average vintage (1946), supporting competitive positioning versus older local stock. However, systems are no longer new; capital planning for common-area refreshes and mechanicals should be part of the hold strategy to maintain leasing momentum.
Within a 3-mile radius, demographics indicate recent population and household contraction over the last five years, followed by a forecasted return to growth through the next period. A projected increase in households suggests a gradually expanding renter pool, which can support occupancy stability if units are kept well-maintained and competitively priced. Average school ratings trend below national medians, which makes family-oriented value positioning and pragmatic amenity packages more relevant than premium features.
Neighborhood occupancy is softer than the metro median, pointing to competitive leasing conditions. Operators should prioritize resident retention, targeted marketing, and measured rent setting to protect NOI while the area’s household base normalizes.
Neighborhood-level crime metrics are not available in this dataset for this location. Investors typically benchmark safety using county or metro sources and on-the-ground observations to understand trend direction and to inform security, lighting, and resident-experience planning.
- Xerox Corporation — corporate offices (30.4 miles)
- Thermo Fisher Scientific In Fairport Ny — corporate offices (30.7 miles)
- ADP Syracuse — corporate offices (32.3 miles)
- WestRock — corporate offices (32.3 miles)
- Constellation Brands — corporate offices (35.1 miles) — HQ
Proximity to regional employers supports workforce housing demand via drivable commutes to corporate offices in the Rochester–Syracuse corridor. The following nearby employers can contribute to a stable tenant base for value-oriented units.
This 70-unit, 1988-built asset offers a practical workforce housing profile in a rural submarket where renter affordability is a key advantage. Based on CRE market data from WDSuite, neighborhood occupancy trends are softer than the metro median, but rent-to-income positioning is favorable, supporting retention when paired with disciplined rent setting and consistent operations. Low neighborhood home values imply potential competition from ownership, so the investment case centers on cost-effective housing, reliable property management, and value-focused finishes.
Compared with older local stock, the property’s vintage provides a relative competitive edge, yet aging systems warrant ongoing capital planning. Within a 3-mile radius, recent contraction in population and households is followed by a forecasted uptick in household counts, indicating a gradual renter pool expansion that can underpin steady leasing for well-managed units. Execution around maintenance, curb appeal, and convenience (parking, package areas, on-site laundry) should support occupancy stability.
- Renter affordability supports retention and measured rent growth under competitive market conditions.
- 1988 vintage is newer than much of the local stock, with value-add via targeted upgrades and systems upkeep.
- Forecasted household growth within 3 miles points to a gradually expanding renter base.
- Risks: softer neighborhood occupancy, limited nearby amenities, and competition from low-cost homeownership.